World News: 13:30 GMT Friday 14th September 2018. [Quest Solution, Inc. via Globe Newswire via SPi World News]
EUGENE, Ore., Sept. 14, 2018 (GLOBE NEWSWIRE) -- Quest Solution, Inc. (OTCQB: QUES), a specialty systems integrator focused on field and supply chain mobility, announced it has received purchase orders from a major U.S.-based transportation and logistics firm for the supply of mobile in-truck Communication, Proof of Delivery (POD) and Hours of Service (HOS) equipment. Deliveries will commence in October 2018 and are anticipated to be completed in early 2019, with a total value of approximately $10 million.
Quest will provide mobile terminals with cellular communications, which will act as a multi-modal device allowing end users to collect consolidated data via POD with signature capture, and to monitor HOS with necessary software applications.
Shai Lustgarten, President and CEO at Quest Solution, stated, "These breakthrough purchase orders from a leading transportation services provider mark our entry into the in-truck vertical – a natural expansion of our legacy Supply Chain Vertical – providing consolidated solutions to the logistics needs of large corporations. We believe that this new combined solution will become a significant engine for our future growth and we are focused on leveraging our blue chip and Fortune 500 customer base, to continue to build upon our solid performance in 2018 as demonstrated by our reported $29M revenue for six months ended June 30, 2018.”
“As the Transportation and Logistics industry evolves and seeks consolidated hardware and software solutions for complex logistic needs and compliance with stringent HOS regulations, we believe the market space for our technology will continue to grow as end users retrofit their vehicles to capture and monitor data as needed. Our device solution is not only an efficient and effective means of collecting data but an opportunity for cost savings for fleet and logistics firms looking to comply with changing industry regulations.”
Mr. Lustgarten concluded, “This new project from a longstanding customer demonstrates the ability of our Sales and Engineering Teams to offer valuable solutions which build customer confidence and reliance on Quest. We are consistently looking for selective new technologies with the goal of becoming a technological leader in the growing markets our solutions address.”
Globe Newswire: 13:30 GMT Friday 14th September 2018
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